Wire · operational-macro
South Africa's Vodacom lifts medium-term targets after Safaricom deal
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Fusion42 · 27 July 2026 · Fusion42 review
Vodacom completed its acquisition of a controlling stake in Kenya's Safaricom and raised medium-term EBITDA and operating free cash flow growth targets to early teens from double digits, while reducing its dividend payout ratio to 65% from 75%.
This Wire brief sits within Fusion42's coverage of Telecom & Connectivity.
◆ ◆ The Wire takeaway
If you build telecom infrastructure or services across East and Southern Africa, your customer just got bigger and more ambitious—and your previous regional fragmentation just became one buyer's integrated network. Watch what Vodacom now needs to buy to knit Kenya and South Africa together.
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1 source · 27 Jul 2026
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